DUNCAN GIBBS – GENERAL MANAGER

ANALYST VISIT – 3RD MARCH 2014

Sunrise Dam Gold MineRichard Jordinson – General Manager

JULY 2014

Disclaimer

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerningthe economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, cost savings and otheroperating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti’s operations,individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercialoperations of certain of AngloGold Ashanti’s exploration and production projects and the completion of acquisitions and dispositions,AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequence of any potential orpending litigation or regulatory proceedings or environmental issues, are forward-looking statements regarding AngloGold Ashanti’soperations, economic performance and financial condition. These forward-looking statements or forecasts involve known andunknown risks, uncertainties and other factors that may cause AngloGold Ashanti’s actual results, performance or achievements todiffer materially from the anticipated results, performance or achievements expressed or implied in these forward-looking statements.Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable,no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially fromthose set out in the forward-looking statements as a result of, among other factors, changes in economic, social and political andmarket conditions, the success of business and operating initiatives, changes in the regulatory environment and other governmentactions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigationproceedings, and business and operational risk management. For a discussion of such risk factors, refer to the prospectussupplement to AngloGold Ashanti’s prospectus dated 17 July 2012 that was filed with the United States Securities and ExchangeCommission (“SEC”) on 26 July 2013. These factors are not necessarily all of the important factors that could cause AngloGoldAshanti’s actual results to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictablefactors could also have material adverse effects on future results. Consequently, readers are cautioned not to place undue reliance onforward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, exceptto the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti orany person acting on its behalf are qualified by the cautionary statements herein.

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Welcome to the Great Sandy Desert

Key facts

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Location: 220 km NE of Kalgoorlie in Western Australia

Production to date: 5.8 million ounces since 1997

Production Q1, 2014: 71,000 oz at a Total Cash Cost of US$1,066/oz and AISC of US$1,095/oz

Mining: Solely underground; open pit mining completed in Q1, 2014. Mining carried out by contractors.

Processing: Conventional CIL/gravity processing, throughput rate of 3.6 mtpa

Ore Reserve* (as at December 31, 2013): 1.18 Moz

Mineral Resources* (inclusive, as at December 31, 2013): 3.23 Moz

* Please see Mineral Reserves and Ore Resources 2013 Report at www.anglogoldashanti.com for relevant competent persons report and JORC detail.

Sunrise Dam Management Team

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Richard Jordinson

General Manager: Sunrise Dam

Bryan Watson

Underground Production Manager

Peter Merry

Manager: Technical Services

Fraser Clark

Manager: Geology

Tim Darley

Manager: Safety & Training

David Barker

Manager: Processing

Tony Ryan

Manager: Maintenance

Ryan Arblaster

Manager: Business Support & Services

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Safety performance

Hazard ID & Risk Assessment

Incident & Action Management

Competency Based Training

Visible Leadership

Audit, Compliance & Accountability

High Potential incidents reduced by 35%

Significant reduction in Severity rates

Completion of open pit mining

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• Retreat mining and final cut of Crown Pillar completed in Q1 2014

• Crown Pillar allowed SDGM to maintain production levels in 2013 during

underground ramp-up

• Backfilling of Crown Pillar to establish underground ROM pad

• Underground ore rehandle starts under new contract in July 2014 with significant

savings

• Final pit design allows for establishment of major sump and pumping infrastructure

1962mRL Portal

Sump and pumps

U/G Ore stocks

In-Pit ROM Pad

1962mRl Portal

Plant performance

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• Mill throughput on target to achieve 3.6mtpa

• Recoveries are better than the target at 86%

• Plant reliability is high at 97%

Underground mine objectives

Repeat the success of the open pit in an underground setting by:• Using existing U/G infrastructure - decline access• Extensive ore development utilising R/C drilling for grade control • Large scale mining = improved productivity & lower costs• Multiple ore sources, including bulk mining areas, with selective mining of high grade ore

RC + D/D Drilled O/Pit

D/D Drilled only U/G

Underground mining

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• Alliance-style mining contract with Barminco

• Demonstrated viable bulk mining capability

• Ore zones are suitable for high-volume long-hole stoping

• The mine is delivering on planned grade of 3.0g/t

• Increase in ore reserves achieved in a lower gold price environment

• Reduction in $/t mining cost by approx. 50% over past two years driven by improving productivity

• At the same time ore mined has increased by almost 100%

Ramping up underground mining

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• Consistent year-on-year increase

• SDGM is on track to achieve 2.4 Mt mined for 2014

GQ orebody breakthroughs

• GQ a large low grade resource

• Mineralisation is complex

• Local high grades exist, but continuity very poor, restricting mining at elevated cut-off grades

• Intensive mining geology and reconciliation study completed in 2011 to better understand resource, including batch treating trial stope and development ore

• Traditional sampling methods consistently underestimate the grade

• RC drilling successfully introduced as a grade control tool to replace diamond drilling and face sampling

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RC grade control drilling overview

• RC grade control drilling is well suited to Sunrise Dam mineralisation and the bulk mining approach

• RC drilling is half the price of diamond drilling and three times faster

• RC drilling doesn’t rely on downstream core processing facilities, contributing to lower overheads and faster sample turnaround

• Grade control work in GQ has set the mine up for the next 18 months production

• Mining Reserve conversion is very high –100% Tonnes, 92% Grade and 92% Ounces

Growth in reserves & resources*

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Mt g/t Moz Mt g/t Moz Mt g/t Moz

Reserve 20.0 1.84 1.18 21.1 1.73 1.18 1.1 (0.11) -

Resource 40.7 2.16 2.82 44.8 2.24 3.23 4.1 0.08 0.41

Sunrise Dam            

Gold Mine

Dec‐12 Dec‐13 Change

* Please see Mineral Reserves and Ore Resources 2013 Report at www.anglogoldashanti.com for relevant competent persons report and JORC detail.

Exploration potential

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Underground mining strategy

EXPLORATION/RESOURCE DEFINITIONIncrease in exploration activity to provide working areas

MININGIncrease movement to +3.0 Mtpa by 2017

MATERIALS HANDLINGStudy and potential project

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Sunrise Dam regional exploration

SDGM

20 km

Granny Smith

Wallaby

Mt Morgans

Red October

Butcher Well

• Laverton District well endowed

• <3Moz Au known resources in early 90’s

• Current endowment is >28Moz Au

• One of the most fertile belts in the YilgarnCraton

• Most large major discoveries have been blind / under cover

• Tectonic setting and structural geometry favourable for further discoveries

• Three key target areas that have potential to host >3Moz Au deposits

• All predominantly under cover – last frontier

• Exploration at western lake tenements crucial for future discoveries

• Collaborative greenfields-brownfields exploration programme planned for 2015